Diligencify

Food Lion Feeds Charitable Foundation Awards More Than $3.2 Million in Grants - Food Lion Feeds Charitable Foundation has awarded over $3.2 million to 120 organizations impacted by Hurricane Helene in September 2024. - The grants will aid community feeding partners in long-term recovery, including rebuilding, repairing, and restoring affected facilities. - A notable recipient, MANNA FoodBank - Asheville NC in Asheville, NC, received $1 million to support the build-out of freezer, cooler, and refrigeration space in its new facility after floodwaters devastated its operations. - Since its inception in 2001, the Foundation has distributed $22.8 million to fight food insecurity and promote nutritional education. - The Foundation’s year-round commitment in 2024 included $1.4 million in grants, with $750,000 distributed in the fall/winter cycle and $675,000 in the spring/summer cycle. - Operated by a volunteer board of Food Lion associates, the Foundation focuses on increasing fresh food capacity and addressing child hunger in local communities. "Together, we are making a significant difference," emphasized Claire Neal, CEO of MANNA FoodBank. Adam Bass

New EU Sanctions Guidance: Enhanced Due Diligence Requirements and Key Updates for Operators - On December 11, 2024, the European Commission issued critical updates to its Consolidated FAQs on Council Regulation No 833/2014 and Council Regulation No 269/2014. - The new chapter introduces enhanced due diligence for operators manufacturing or trading with Common High Priority (CHP) items, outlining additional measures, defining CHP items, and detailing prohibitions. - EU operators, including banks, must strengthen internal procedures to address transactions involving high-risk jurisdictions like Russia, Belarus, and neighboring countries. - Guidance includes red flags on CHP reexports to Russia, due diligence for counterparties, funds flow, logistics, and trade routes, emphasizing robust internal controls to prevent sanctions breaches. - Banks are mandated to screen open account transactions for potential EU trade restrictions and tailor compliance programs for specific risks. - Clarification on “knowingly and intentionally” highlights accountability even when aware actions might result in circumvention. - EU operators are urged to update risk management processes to align with these recommendations. Stay informed and compliant—review the updated FAQs for detailed guidance. https://lnkd.in/gPYPkp4u #banks #sanctions #diligence #EDD #duediligence #russia #EU #europe #trsactionalrisk #reputationalrisk #kyc #risk #riskintelligence https://lnkd.in/gPYPkp4u

Patrick J. McGovern Foundation Pledges $73.5 Million Toward AI for Humanity - The Patrick J. McGovern Foundation has committed $73.5 million in 2024 to advance AI and data science solutions that address societal challenges and create equitable, sustainable progress. - Collaborations span civil society, academia, and industry, focusing on ethical AI, human rights, digital literacy, climate resilience, and health equity across 11+ countries. - Key partnerships include UNESCO, the National Academy of Sciences, NSF's ReDDDoT program, the White House Public Interest Technology Commitment (with Ford Foundation, Pivotal Ventures, Siegel Family Endowment), and the Paris Peace Forum. Highlighted grants: - Lahore University of Management Sciences (AI for maternal healthcare in Pakistan). - Lawyers Hub (Africa AI Policy Lab). - MIT Solve (AI for Humanity Prize). - Climate Cabinet Education (fossil fuel datasets). - Conservation X Labs (AI for Sequoia conservation). - The Algorithmic Justice League (AI harm detection). - Amnesty International (Algorithmic Accountability Lab). - Creative Commons (open climate data). - University of California, San Francisco (cancer and mental health AI projects). - STEMarts Lab, EPICENTER Foundation, and Tectonic Video (various STEM and AI advocacy initiatives). - President Vilas Dhar has emphasized the transformative potential of AI to amplify human dignity, protect the vulnerable, and drive global prosperity, urging leadership over reaction. - Supported organizations include Open Climate Fix Ltd, Stanford University, Thorn, ReFED, the CyberPeace Institute, Karya, Berkeley Earth, Climate Policy Radar, and the Open Knowledge Foundation. #ai #artificialintelligence #foundation #grant #charity #trust #wealth #humanity #HNWI #UHNWI #university

PSEG Foundation Awards Nearly $8M in Grants - Celebrating 10 years of empowering communities, the PSEG Foundation’s Neighborhood Partners Program (NPP) has granted nearly $8 million to over 400 nonprofits since its inception. - 2023 set new records with an 11% rise in applications and $1.2 million in total grants—up 20% from last year. - Guided by pillars of environmental sustainability, social justice, and economic empowerment, NPP has catalyzed change across New Jersey’s neighborhoods. - At the Newark celebration, leaders like Meghan Cubano of HomeFront, Ameer Washington of Boys & Girls Club of Newark, and Leonardo Vazquez of Northern New Jersey Community Foundation shared powerful stories of impact. - HomeFront provided over 1 million free meals this year, Boys & Girls Club enhanced STEM and family programs with over $600,000 in PSEG support, and NNJCF advanced environmental justice through innovative projects like rain gardens. - "NPP is a role model for community funding, addressing critical challenges to build a sustainable and just New Jersey," said Calvin Ledford Jr., President of the PSEG Foundation. #foundation #gift #charity #trust #community #prospects #prospectsresearch #duediligence #wealth #donor A decade of progress and partnerships driving brighter futures. #CommunityImpact #Sustainability #Equity

Wiley University Secures $1.5 Million Grant for Financial Literacy and Economic Mobility - Wiley University’s “Wiley on the Road” event in Dallas saw a remarkable $1.5 million donation from the T.D. Jakes Foundation, in partnership with Wells Fargo. - Hosted by Kelley F. Cornish, President and CEO of the T.D. Jakes Foundation, the event highlighted a shared commitment to advancing economic mobility for students and the surrounding community. - This grant builds on the foundation’s prior support for Wiley’s Financial Literacy and Wellness Center, a key resource empowering students and families with financial wellness tools. - Wiley’s Dallas and Fort Worth Alumni Clubs also contributed, demonstrating strong community backing for the university’s mission. - Kelley Cornish emphasized the initiative’s transformative impact, fostering financial literacy, entrepreneurship, homeownership, and creating opportunities for thriving families and businesses. - Wiley University President Dr. Herman J. Felton, Jr. expressed gratitude, highlighting how this support bridges gaps and fosters financial independence for students and the community. #EconomicMobility #FinancialLiteracy #CommunityImpact #Dallas #Donation #Gift #Foundation #Prospectresearch #prospects #wealth #charity

University of Portland Receives Transformational $20 Million Gift - University of Portland has received a transformational $20 million gift to empower students and amplify impact - A multi-generational family with 65+ years of ties to the University has made a historic $20 million gift, one of the largest in UP’s history. - The donation will enhance student access, support academic excellence, and strengthen student formation, aligning with the University’s core mission. - The anonymous donors, connected to UP through 12 alumni in their family, emphasized their belief in UP’s transformative role in shaping leaders who serve and inspire globally. - University President Dr. Robert Kelly, PhD has expressed gratitude, calling the gift “an extraordinary investment” and a testament to the University’s mission and community. - Greg Naleski, VP for University Relations, highlighted the pivotal moment this gift represents, amplifying UP’s impact on students and the broader community. The University of Portland, a top-ranked Catholic institution, continues its commitment to teaching, faith, service, and leadership, serving as a beacon of inspiration and growth. #university #education #donation #charity #gift #foundation #prospects #prospectresearch #wealth #screening #alumni

Wake Forest University Receives $30 Million Gift To Expand Center For Entrepreneurship - Wake Forest University has received a landmark $30 million donation from an anonymous donor to expand its Center for Entrepreneurship, enhancing access and opportunities for students. - The funding will increase entrepreneurship faculty, introduce innovative courses, and build state-of-the-art facilities, doubling course offerings and reducing class sizes. - The Center’s IDEATE method, a national model for entrepreneurship education, will see four new professors join the faculty by 2026. - Signature programs like Deacon Springboard and Startup Lab will gain expanded spaces for student startups and accelerator initiatives. - Wake Forest’s entrepreneurship program has earned five national awards, with alumni ventures like Storage Scholars LLC, Three Strands Recovery Wear Corporation, and the Nori Press achieving national recognition on platforms like Shark Tank and Oprah's Favorite Things. The gift answers the question: “What important ideas are we missing by not having more opportunities for students to participate in entrepreneurship classes?” #gift #donation #charity #university #education #entrepreneurship #alumni #data #prospects

MacArthur Foundation Commits $20 Million to Strengthen Local News Ecosystems - MacArthur Foundation has announced $20 million in grants to bolster newsrooms and journalism infrastructure, part of a $150 million Local News Program launched last year. - This brings the total committed to local news to over $90 million, with an additional potential of $25 million in impact investments. - Grants are aligned with Press Forward, a MacArthur-led initiative to strengthen communities and democracy by supporting local news. - New funding includes $3.3 million to the The Chicago Community Trust for Press Forward Chicago and $1 million added to the national pooled fund. - Newsroom beneficiaries include legacy and emerging organizations like Amsterdam News Educational Foundation, El Tecolote Newspaper, Oklahoma Eagle Publishing Company, Chicago Reader, Resolve Philadelphia, and Signal Ohio, with grants ranging from $250,000 to $350,000 each. - Journalism service organizations like Listening Post Collective ($3M), Tiny News Collective ($2.275M), and URL Collective ($1.5M) received funding for infrastructure, sustainability, and leadership development. - Press Forward-inspired efforts like Media Forward Fund ($330,000) extend to Germany, Austria, and Switzerland. - Research and education initiatives include News is Out ($250,000) and Louisiana State University’s LSU Manship School of Mass Communication ($400,000) to train journalists and document the status of niche media segments. - The Rural News Fund, National Trust for Local News, and others received grants to expand local journalism in underserved communities. MacArthur emphasizes empowering local news ecosystems with tools, resources, and funding to ensure reliable information access. #news #journalism #newsroom #trust #foundation #support #media #fund #charity #nonprofit #prospects #prospectresearch #data

Atlas Venture Closes $450M Fund XIV to Drive Biotech Innovation - Leading biotech venture capital firm Atlas Venture has secured $450 million for its fourteenth fund, continuing its mission to create and invest in groundbreaking biotech startups. - Fund XIV highlights Atlas’ focus on founding, seeding, and incubating companies targeting transformative therapies across diverse disease areas and scientific modalities. - Recent successes include acquisitions by pharma partners, public listings, and Day One Biopharmaceuticals's FDA approval for Ojemda™, treating pediatric low-grade glioma. - Over the past two years, Atlas launched 16 biotech startups, recruited ~100 executive leaders, and advanced nearly 50 clinical trials. #fund #vc #biopharma #venturecapital #wealth #limitedpartners #LPs #kyc #funds

Dominion Energy Grants $3M to Support Nonprofits - Dominion Energy Charitable Foundation has awarded over $3 million to 318 nonprofits across six states. - Nearly $2.4 million was granted to 171 nonprofits in Virginia. - Funding focuses on human needs, education, environmental stewardship, and community vitality. Impactful initiatives include: > Healthy eating and gardening education for underserved children. > Financial literacy services in rural areas. > Trauma-informed mental health services and foster care adoptions. > Wildlife rehabilitation, affordable housing, and emergency shelters. Featured projects: > Tree planting at Hollywood Cemetery, Richmond, enhancing urban green spaces. > Mobile Medical Program by PathForward, Arlington, increasing healthcare access. > Virginia Peninsula Foodbank's BackPack Program, delivering meals to children during school breaks.